SHOULD I MARRY MY LANDMAN?
DO YOU TRUST YOUR LANDMAN ENOUGH TO MARRY HIM/HER?
A mineral lease has a longer life than most marriages. Since this document may be longer lasting than a marriage, why would you enter into it lightly?
Some may look at it with the dreaming eyed impetuous hopes or the same mindset as a teenager who would get married in a Las Vegas drive through Chapel. I’ve heard people say “it’s all free money, so why does it even matter?”. Nothing in life is free, so a little investigation will certainly limit problems farther on down the road.
At the other end of the spectrum, I heard someone make an inquiry as to how would water be distributed in the event of an unforeseen accident. I would compare this to someone who wants a resume, blood type and criminal background check before they would attempt to carry on a conversation much less contemplate dating. Although all matrimony is not bliss, this type of outlook will surely lead to loneliness in dating and leasing. There has to be some give and take.
I believe in the goldilocks method. Not too cold. Not too hot. Find a middle ground that you can live with and what the company can deal with. No pie in the sky hopes and not so many hoops that an acrobat couldn’t jump through.
But bottom line is, you are the only person that can decide what is “JUST RIGHT” for your circumstances. No amount of name calling or persuasive tactics should sway you in your decision. If the company won’t negotiate a fair deal, then they lose.
Just stick to the facts and eventually you’ll have a lease that you can live with. If not you’ll be receiving revenue instead of royalty. Lagniappe is lagniappe no matter how you slice it.
And just like marriage, it is probably worth consulting someone with expertise in the matter. In this case, I'd check with an attorney instead of your aunt Cathy (unless of course your aunt is an oil and gas attorney).
A mineral lease has a longer life than most marriages. Since this document may be longer lasting than a marriage, why would you enter into it lightly?
Some may look at it with the dreaming eyed impetuous hopes or the same mindset as a teenager who would get married in a Las Vegas drive through Chapel. I’ve heard people say “it’s all free money, so why does it even matter?”. Nothing in life is free, so a little investigation will certainly limit problems farther on down the road.
At the other end of the spectrum, I heard someone make an inquiry as to how would water be distributed in the event of an unforeseen accident. I would compare this to someone who wants a resume, blood type and criminal background check before they would attempt to carry on a conversation much less contemplate dating. Although all matrimony is not bliss, this type of outlook will surely lead to loneliness in dating and leasing. There has to be some give and take.
I believe in the goldilocks method. Not too cold. Not too hot. Find a middle ground that you can live with and what the company can deal with. No pie in the sky hopes and not so many hoops that an acrobat couldn’t jump through.
But bottom line is, you are the only person that can decide what is “JUST RIGHT” for your circumstances. No amount of name calling or persuasive tactics should sway you in your decision. If the company won’t negotiate a fair deal, then they lose.
Just stick to the facts and eventually you’ll have a lease that you can live with. If not you’ll be receiving revenue instead of royalty. Lagniappe is lagniappe no matter how you slice it.
And just like marriage, it is probably worth consulting someone with expertise in the matter. In this case, I'd check with an attorney instead of your aunt Cathy (unless of course your aunt is an oil and gas attorney).
Views: 91
Add a Comment
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Comment by Major Bonnie on April 16, 2009 at 14:49
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Hey P, Usually, it is relatively easy to leave an unhappy marriage. However, it takes close to Divine Intervention to get out of a "Something is rotten in Denmark" lease. M B
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Comment by sesport on April 5, 2009 at 5:53
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DEEP SEAS - What soever God has joined together, let no man put asunder ... ?
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Comment by DEEP SEAS on April 5, 2009 at 5:23
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Hello Parker,
Make sure you and who ever you pick for marrige have enough love for each other before you say I do. After all GOD created it for us.
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Comment by lanadan Ds3 on April 3, 2009 at 22:34
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Hey Parker,
Got the right guy for ya' --
I know a landman who used to be a used car salesman. Used car salesman+landman -- what more could a woman ask for? Knows all the lines, for sure. Great combination, dontcha know!
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Comment by sesport on April 2, 2009 at 15:16
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Dan - Could it be there are some who value their O&G checks & relationships more than their marriage? Hmmmmmm? lol
best - sesport :0)
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Comment by Dan Arnold on April 1, 2009 at 1:57 -
It is funny that most people who get regular Royalty checks value their relationship with the O&G producer, while so many of those who only get bonus money every 3-5 years seem resentful, distrustful and have poor opinions of landmen. I understand, there have always been some terribly corrupt and/or incompetent people and businesses drawn to any kind of boom, gold strike or whatever. Greed is never a good place to start any kind of relationship.
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Comment by Dan Arnold on April 1, 2009 at 1:51
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Marriage is meant to be about commitment, covenent, fidelity, sharing and selflessness for the rest of your life. These are things that are not valued in our culture. A lease is a contract with specific terms and limitations which is more like joining the military. We can do anything when we know how long it will last and when it will be over.
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Comment by danny meyers on March 30, 2009 at 17:25
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A diamond is forever, not. An attorney might get you out of a marriage, but the O+G attorneys will see that you never get out of a lease until your minerals are gone
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Comment by danny meyers on March 30, 2009 at 17:15
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A MARRIAGE only lasts a lifetime and divorces are common, but your grandchildren may have to live with your lease. Either party can initiate end of a marriage. It is not so easy for a landowner to get out of a lease.
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Comment by Antsu-in-Japan on March 19, 2009 at 21:55
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Too funny! You guys crack me up!!! Have a GREAT weekend. (By the way, I do weddings for a living...not touching this one!!)
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